The aftermath of the collapse of UT Bank and Capital Bank for some of their employees haven’t been the best as most of them are currently struggling to find their feet back in life.
Raymond Dankwa, a deputy manager in the now-defunct Capital Bank now sells grilled pork to make a living after he was fired by the new owners of the bank.
As promised by Wanlov Da Kubolor in a previous article by Ghanacelebrities.com, the musician has finally dropped the song “Anointed Teef” dedicated to Pastor Mensa Otabil.
This song comes on the back of the squandering of Ghc610 million taxpayers money by the board of directors of Capital Bank chaired by Pastor Mensa Otabil.
The host of TV Africa’s “Konkonsa Police” show, Afia Schwarzenegger has added her voice to the social media campaign, #IStandWithOtabil concerning the involvement of Dr Mensa Otabil in the squandering of the Ghc610m taxpayers’ money granted by the Bank of Ghana to Capital Bank.
Afia even though decided to stay off the issue but the #IStandWithOtabil social media campaign by some Ghanaians have pissed her off hence breaking her silence on the issue.
Ghanaians are the biggest ostriches this planet have ever seen. No matter what goes on with pastors like Otabil their indoctrination would not allow them to admit one man is amassing so much wealth at their own expense.
Otabil literally tells them I need your money to chop, ostensibly to serve God in heaven and they happily give it to him yet diss anyone who dares make any comments about it.
The contracts of about a couple thousand workers of the now defunct Capital and UT Banks have been terminated, reports indicate.
The two banks were recently closed down by the Central Bank due to some financial challenges, and one of the biggest questions was about what the eventual fate of their workers.
Pastor Mensah Otabil from the past month has been suffering ballistic criticism than any public figure resulting from his “Greater Works” dollar offerings.
At the climax of it is the collapse of Capital Bank – which he was one of the Board Of Directors who failed to keep the performance of the bank apt.
‘Man of God’ Pastor Mensa Otabil has just about had it with criticism of his noble self and lashed out against his critics in his sermon on Sunday.
The ICGC founder told his congregation that it’s people who themselves ‘look like insults’ who gather up the nerve to insult him.
Ghanaians were shocked Monday when the Bank of Ghana swiftly announced that two Ghanaian banks – Capital Bank and UT Bank – were both insolvent and had been sold to GCB Bank.
The Bank was thus taking over the operations and infrastructure of the two banks, helping save the deposits of customers who would otherwise been in distress had the two banks gone bankrupt.
The management of GCB Bank is set to downsize staff at the two collapsed banks they have taken over, the CEO has announced.
Raymond Sowah, CEO of the state owned entity, said at a press conference Tuesday that they would conduct a skills assessment test on the employees of the two banks, to enable them decide on who to keep and who to let go.
A post going viral online seems to link the collapse of UT Bank to Kofi Amoabeng’s much publicised refusal to pay tithes.
The post is being shared by ecstatic Christians who are making the point that Amoabeng thought he could outsmart God but he couldn’t.
Rapper Edem has expressed concern over the closure of two indigenous banks – UT Bank and Capital Bank.
Writing on twitter, Edem lamented the troubles of the two banks and said such issues make people lose confidence in our local institutions.
The Bank of Ghana has denied reports that some other banks are in similar situations to UT Bank and Capital Bank.
The shut down of the two and their takeover by GCB Bank has sparked questions over whether other local banks are in similar dire straits and might require action by the Central Bank.
Perhaps for the first time in history, something in Ghana is being done at peak efficiency.
The Bank of Ghana announced the liquidation of Capital and UT Banks earlier today, revealing they have now been subsumed by the state owned GCB Bank.
A statement from the Bank of Ghana has announced the closures of UT and Capital Banks and their assimilation into GCB Bank.
The action has become necessary following capital issues with both banks, which led the central bank to step in with this solution.
Bank of Ghana has revoked the operational licenses of UT Bank and Capital Bank “due to severe impairment of their capital,” BOG has said in a statement.
The revocation has led Ghana Commercial Bank (now GCB) to take over both banks.
The statement issued by Bank of Ghana read: “Bank of Ghana has revoked the Licenses of UT Bank Ltd and Capital Bank Ltd. This action has become necessary due to severe impairment of their capital. The remaining assets and liabilities will be realised and settled respectively through a receivership process to be undertaken by Messers Vish Ashiagbor and Eric Nana Nipah of PricewaterhouseCoopers (PwC).
